Tax News You Can Use . . .
Little-Known Tax Facts about Closing out a 529 Investment Fund
In the year that you close out your college funds that have been invested in a 529 college savings plan account, you have the right to take a loss if you pulled out less than you invested. The loss is reduced by 2 percent of your adjusted gross income and can help if you itemize deductions and have enough to cover the 2% threshold.
eNewsletter & eNews Signup . . .
For website suggestions contact our webmaster at:
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it